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- EUR/CHF to slump towards 1.0200/1.0160 on a break below 1.0300 – SocGen
EUR/CHF to slump towards 1.0200/1.0160 on a break below 1.0300 – SocGen
EUR/CHF is now challenging the low formed in January at 1.0300. A break under this level would open up additional losses towards 1.0250 and 1.0200/1.0160, economists at Société Générale report.
Reclaiming last week's high of 1.0465 crucial for denoting a short-term bounce
“Daily MACD has been posting positive divergence, however, signals of a meaningful bounce are still lacking.”
“In case the pair establishes itself below 1.0300, the down move could extend further towards next projections at 1.0250 and 1.0200/1.0160.”
“Reclaiming last week's high of 1.0465 will be essential for denoting a short-term bounce.”
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